MTD board rejects tax rebates for Savoy
By Paul Wood
Thursday January 31, 2008
CHAMPAIGN – Champaign-Urbana's mass transit board on Wednesday unanimously rejected an annexation agreement with Savoy that would have required rebating tax money to the village.
The issue has been left hanging since November, when Savoy's board voted 5-1 to forward an agreement with MTD that changes its annexation map and stipulates that the MTD must reimburse the village for 10 percent of the Savoy property tax payments for 25 years.
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